Adam Smith still matters

Is Adam Smith still changing minds about capitalism?  Apparently so:

More detailed analysis in this series:

Saturday Learning Series - The Invisible Hand

Back to economics this week, the philosophy thread will continue again next week. Two weeks ago I came across this lecture series by Yale professor Douglas W. Rae who talks about the brilliant concept of The Invisible Hand by Adam Smith. The lecture is part of a course on capitalism. It's a terrific lecture if you give it a chance to soak in and watch more than the first few minutes.

A Novel Experiment in Smith versus Keynes

Here's the situation - the liberals just don't get it, and conservatives have never had the true conservative leadership that both embraced all conservative principles AND was able to carry them out without compromise. Ronald Reagan came closest, but even he had to compromise with liberal Democrats.

No idea about the leanings of the source of the graphic (linked) but I liked the picture and wanted to properly credit them for it.

The struggle between ideas will never end - even with proof of Keynesian failures liberals will deny reality. So why not avoid the problem altogether? There's a way to do it that has some clear benefits.